Tech Watch

Tech watch update. The FANG stocks have been running rich to the Nasdaq and I have been watching for a reversal. We have seen some signs today. One day does not make a reversal, but it is a warning signal. This does not mean it is a potential major reversal but all major reversals start with a minor reversal.

My FANG composite index v Nasdaq index (left). FANMAG stocks (right)

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